Winnebago’s 3Q Income Soars on Towable Gains

June 20, 2018 by · Leave a Comment 

Forest City Iowa-based Winnebago Industries Inc. today (June 20) reported an 18% increase in revenue while net income soared 67.7% during the company’s fiscal third quarter, ended May 26. Sales totaled $562.3 million compared to $476.4 million for the fiscal 2017 period. Net income was $32.5 million, or $1.02 per diluted share, compared to $19.4 million, or 61 cents per share, in the same period last year. Other highlights:  • Gross profit was $85.5... Read more

RVIA’s Wald Reviews New Tech Training Institute

June 18, 2018 by · Leave a Comment 

Matt Wald, vice president of strategic initiatives for the RV Industry Association (RVIA), has led the charge from a staff perspective in developing the industry’s new “RV Technical Institute.” As such, he’s had a bird’s eye view of the proposed new Elkhart, Ind.-based educational program that was formally approved June 7 by RVIA’s board of directors with the support of the Recreation Vehicle Dealers Association (RVDA) during 2018 RVIA Committee Week at the Mayflower Hotel in Washington,... Read more

Martin: Thor Working to Minimize Tariffs’ Impact

June 15, 2018 by · Leave a Comment 

Thor Industries Inc.’s warning about rising tariff-related costs in its third-quarter earnings report sent shares plunging to 2018 lows, but CEO Bob Martin told CNBC on Thursday that the company is finding ways to blunt the impact. (To view a video click here or scroll to the right side of the home page). “We thought it’d be minimal,” the CEO admitted in a “Mad Money” interview with Jim Cramer. “Today, they’re still kind of... Read more

SSI: Canada Coach Sales Off 9.3% for 4 Months

June 13, 2018 by · Leave a Comment 

Year-over-year Canadian motorhome sales fell 9.3% for the first four months of 2018, according to the latest report from Statistical Surveys Inc. Thor Industries Inc. was the Canadian motorhome sales leader through April, capturing a 53.4% market share, followed by Forest River Inc. (28.5%) and Winnebago Industries Inc. (7.7%). Class A registrations edged down 2.1% for the four months. Thor was No. 1 in the category with a 34% market share, ahead of Forest River (20%) and Winnebago (16.2%). In... Read more

RVIA Announces RV Technical Institute Launch

June 11, 2018 by · Leave a Comment 

Artist’s rendering of RV Technical Institute The RV Industry Association (RVIA) board of directors on June 7 approved a comprehensive strategic plan and multimillion-dollar investment to address RV owner satisfaction by creating a supporting foundation, the RV Technical Institute (RVTI), to solve the RV industry’s shortage of trained technicians and to implement metrics to track the RV customer experience. In making this announcement, the RV Industry Association is taking a leadership role... Read more

SSI: Motorized Sales up 1.8% for Four Months

June 8, 2018 by · Leave a Comment 

Again driven by a strong performance in the Class C sector, the overall motorized market showed a 1.8% year-over-year increase for the first four months of 2018. According to the latest report from Statistical Surveys Inc. (SSI), Thor Industries Inc. was the motorized sales leader through April with a 42.9% market share, ahead of Forest River Inc. (24.2%) and Winnebago Industries Inc. (12.4%). Class A motorhome sales were down 4.2%, through April as Thor topped the segment with a 33.4% market share.... Read more

Tariffs Dominate RVIA’s ‘Advocacy Day’ Agenda

June 6, 2018 by · Leave a Comment 

Moderated by RVIA President Frank Hugelmeyer, former Florida Congressman Bill McCollum, a Republican who led the impeachment efforts of former President Bill Clinton, and former Vermont Gov. Howard Dean, once head of the Democratic Party, participated in a political panel discussion as part of the Committee Week & Advocacy Day event. (Photo by Cable Risdon) More than 120 RV industry executives are “storming Capitol Hill” in Washington D.C. today (June 6) as part of the RV Industry... Read more

Happe: Building a ‘Premier Outdoor Lifestyle Co.’

June 5, 2018 by · Leave a Comment 

Winnebago President and CEO Michael Happe Monday’s (June 4) announcement that Iowa-based Winnebago Industries Inc. had acquired 300-employee Florida recreational boat builder Chris-Craft from Stellican Ltd. came as a surprise to most industry watchers including those gathered this week at the Mayflower Hotel in Washington, D.C., for the RV Industry Association’s 2018 RV Committee Week. Along with a heralded brand that dates back to 1874, the acquisition, Winnebago’s first in the marine... Read more

Go RVing Survey: RV Usage to Soar this Summer

May 31, 2018 by · Leave a Comment 

More than 5.8 million American RVers used their RV during the Memorial Day Weekend, according to Go RVing’s 2018 RV Owners Insights survey, conducted by Go RVing, the RV Industry Association (RVIA), and Inquisium. Furthermore, as the summer travel season shifts into high gear, 92% of RV owners say they expect to use their RVs as much as or more than they did in 2017. A record 25 million people are expected to vacation in an RV this year. RVers say they’re going to use their RVs to get outdoors... Read more

Evert, Upon Retirement, Leaves Lasting Legacy

May 29, 2018 by · Leave a Comment 

Paul Evert visits with guests at Saturday’s retirment party Paul Evert still rises around 5:30 every morning and, at 88, continues to channel the same energy that drove him to found and manage one of the most successful RV dealerships on the West Coast. Now, however, instead of thinking about bottom lines and inventory levels, Evert looks forward to the latest gardening project on the 14 acres he purchased at Shaver Lake, nestled in the foothills of California’s Sierra mountains. “I’m... Read more

RVIA: April Shipments up 12.2%; Best on Record

May 25, 2018 by · Leave a Comment 

The RV Industry Association’s (RVIA) April survey of manufacturers found RV wholesale shipments finished at 47,442, an increase of 12.2% from the 42,295 units shipped last April.  The April 2018 shipment total is the best April on comparable record. All towable RVs, led by conventional travel trailers, totaled 41,411 units for the month, an increase of 11.3% compared to last April’s towable RV shipment total of 37,195. April motorhome shipments ended the month with 6,031 shipments to retailers,... Read more

Hershey Show Marking 50th; Big Gate Expected

May 24, 2018 by · Leave a Comment 

Expectations are high for the 2018 edition of America’s Largest RV Show, slated for Sept. 12-16 at the Giant Center in Hershey, Pa. — and not just because this marks the 50th anniversary of one of the industry’s marquee events. Hosted by the Pennsylvania RV & Camping Association (PRVCA) and featuring some 160 vendors and 1,300 RVs from 45 manufacturers — all occupying more than 1 million square feet of indoor and outdoor display space — the “Hershey Show” will likely... Read more

Marketer Plans Supplier Exhibition at Open House

May 22, 2018 by · 3 Comments 

While still in the initial stages, a West Coast marketing firm with operations in Vancouver, Wash., and Portland, Ore., is hastily assembling the pieces for an “RV Supplier and Vendor Exhibition,” slated to launch at this year’s Elkhart County RV Open House. Randall Jeremiah, partner for CIRV, told that the genesis for the project boiled down to a simple case of supply and demand. “Basically, nobody else was doing this,” he said. “We had been to a number of shows as... Read more

Nearly 300 Rigs Attend RVillage Inaugural Rally

May 18, 2018 by · Leave a Comment 

RVillage founder Curtis Coleman “RVillage Rally One – the Connected Road,” the first-ever gathering for members of social online platform, got underway Thursday (May 17) at the Elkhart Campground in Elkhart, Ind. Curtis Coleman, the networking website’s founder and CEO, greeted the nearly 300 rigs and their owners as they made their way into the park. (To view a slideshow scroll to the right side of the home page. Photos by J. Tyler Klassen). “I’m greeting... Read more

Tiffin Club Draws 310 Coaches to Elkhart County

May 16, 2018 by · Leave a Comment 

Tiffin Allegro Club rally attendees fill a large building at the Elkhart County Fairgrounds Approximately 650 members of the Tiffin Allegro Club have gathered this week at the Elkhart County 4-H Fairgrounds in Goshen, Ind., as the event, one of the motorized owners club’s three annual regional rallies, drew around 310 gas and diesel Class A and C motorhomes. (To view a slideshow scroll to the right side of the home page. Photos by J. Tyler Klaussen). And judging by the scene last... Read more

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